Daimler Truck is seeking investment partners for its autonomous driving subsidiary Torc Robotics to help finance the unit's substantial funding requirements of approximately €600m (US$698m) annually. Sources have told Bloomberg that the German commercial vehicle manufacturer has enlisted Bank of America to identify potential investors interested in acquiring a minority stake in Torc.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?